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Oct 3, 2012
10/12
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yeah, we might get cheaper gas eventually, but at what cost to the global economy? >>> then, we're going to debate what is better for your money, an obama win or a romney win. >>> plus, the one thing that wall street wants to hear at tonight's debate. >>> and later on, american airlines says all the seats are fixed. >>> lots of things coming up at the top of the hour. back to you on "power lunch." >>> the world's top asset managers and investors are meeting today to discuss the economic landscape and how to navigate it. our david faber is with them at the barefoot economic summit in larue, texas. >> i've joined by founder, cio of golden tree house and management. they're in bank loans, they're in bond, distressed investments, private equity structured products. credit is the name of the game when it comes to golden tree. 16 billion-plus in assets. talk about high-yield credit overall. high yield continues to have funds moving in to it. are we towards the end of this bull run? >> we certainly are in the end of the bull run of low default rates. i believe -- i'm not t
yeah, we might get cheaper gas eventually, but at what cost to the global economy? >>> then, we're going to debate what is better for your money, an obama win or a romney win. >>> plus, the one thing that wall street wants to hear at tonight's debate. >>> and later on, american airlines says all the seats are fixed. >>> lots of things coming up at the top of the hour. back to you on "power lunch." >>> the world's top asset managers and...
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Sep 28, 2012
09/12
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that suggests the economy may not be so hot, right? >> set the stage. we just downgrade the second quarter. we went from 1.7 to 1.3. we talked about that yesterday. >> this i consistent with that. >> exactly. we thought third quarter might have a two handle on it. we're taking that two handle off. before i came on goldman sachs has a report saying they're looking at 1.9. i see some over 1.8, 1.7. slow mediocre growth continues. i think the key being, can we resolve the issues that have hung over the american economy from spain? >> is madrid more important than chicago? >> at least it is today. we wanted to see what the needs would be for the spanish banks. the numbers that they put out today after this exhaustive examination. >> do you breath numbers? >> the market believes them now. they came about in line with expectations. the number could change depending on what happens with the spanish economy and if real estate prices fall even further. you think more of this like a tradeoff. if the capital requirements had been even bigger it would have meant th
that suggests the economy may not be so hot, right? >> set the stage. we just downgrade the second quarter. we went from 1.7 to 1.3. we talked about that yesterday. >> this i consistent with that. >> exactly. we thought third quarter might have a two handle on it. we're taking that two handle off. before i came on goldman sachs has a report saying they're looking at 1.9. i see some over 1.8, 1.7. slow mediocre growth continues. i think the key being, can we resolve the issues...
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110
Oct 1, 2012
10/12
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a strong economy means an economy where people will want to invest, where returns are are high, where money will flow in and those will be things that support the dollar in the medium to long term. so i don't see any insontscy wi inconsistency in our policy and maintaining a strong dollar. >> i want to make sure we got a question in about unemployment because it is a question i think a lot of people are thinking about. have you been surprised that the policies that have been implemented in the last few years haven't had a greater impact on the unemployment rate and what in your mind are the main explanations for why unemployment is still at the level that it is at? >> well, at some level the issue is not unemployment itself. it is the fact that the economy hasn't grown that fast. the unemployment rate has come down about as much or even a little more than you might expect it would given the speed of growth of the economy overall. if the economy's growing at trend or less, you're just not going to see much progress in unemployment. real question is not is there something wrong with the
a strong economy means an economy where people will want to invest, where returns are are high, where money will flow in and those will be things that support the dollar in the medium to long term. so i don't see any insontscy wi inconsistency in our policy and maintaining a strong dollar. >> i want to make sure we got a question in about unemployment because it is a question i think a lot of people are thinking about. have you been surprised that the policies that have been implemented...
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146
Oct 4, 2012
10/12
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growth economy is slowing. if you're used to 5%, 10%, the impact that that has on energy, on materials, on all sorts of things is pretty significant. both for china and its implications for the rest of the world is pretty significant. >> you say 4% to 5% might be a reasonable return expectation in a domestic stock portfolio for next year. if i'm not satisfied with that, i'm greedy, i want more than that, where can i enhance my return under the scenario you predict? >> i would get similar returns still from the high-yield area. high yield acts like equities. you're not really changing your risk profile there but i'm also really interested in the emerging market areas. >> but not china. >> not china itself. that's true. it depends on some of the monetary policy, changes they may now make. but at this point, no, i agree. >> we have to leave it there. you called the market right. you said 15%. that's where we are. thanks for being with us. >>> let's go to seema for a market flash. >> we got a lot of ipos this week.
growth economy is slowing. if you're used to 5%, 10%, the impact that that has on energy, on materials, on all sorts of things is pretty significant. both for china and its implications for the rest of the world is pretty significant. >> you say 4% to 5% might be a reasonable return expectation in a domestic stock portfolio for next year. if i'm not satisfied with that, i'm greedy, i want more than that, where can i enhance my return under the scenario you predict? >> i would get...
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Oct 2, 2012
10/12
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economy, this holiday shopping season a key gauge on whether this sluggish economy can shift into a somewhat higher gear. new numbers out today from the world's largest retail trade association, the nrf, says u.s. retail sales should rise 4.1% this holiday season. pretty merry. don't get too excited. that is actually slower than the growth the past two years. so, why the slow down in the nrf says the biggest things holding consumers back is uncertainty over the economy and whether congress can strike what deal and avoid the so-called fiscal cliff. >>> one major retailer hoping for a merry holiday season is jc penney. ceo ron johnson continues to outline his plans for the struggling chain store. the stock down 30%. johnson speaking on the record and excuse swivel our courtney real been the state of his business. courtney? >> hi, tyler, good afternoon. jc penney ceo ron johnson has just begun speaking. the toirng the rocky road to reinventing retape. spoke with johnson exclusively before he took the stage at the event. now, 700 of the total 1100 jc penney stores are being outfitted with shops.
economy, this holiday shopping season a key gauge on whether this sluggish economy can shift into a somewhat higher gear. new numbers out today from the world's largest retail trade association, the nrf, says u.s. retail sales should rise 4.1% this holiday season. pretty merry. don't get too excited. that is actually slower than the growth the past two years. so, why the slow down in the nrf says the biggest things holding consumers back is uncertainty over the economy and whether congress can...
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Sep 27, 2012
09/12
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and while congress stalls, the economy appears to be stalling. economic data showing a slowdown. and forget december 31st. is the fiscal cliff impact already here? the president slamming trickle-down economics. but isn't that exactly what the fed is doing? why the so-called fed effect stinks for the little guy. plus, guess who's not paying their fair share in taxes. the federal government. a story you will not want to
and while congress stalls, the economy appears to be stalling. economic data showing a slowdown. and forget december 31st. is the fiscal cliff impact already here? the president slamming trickle-down economics. but isn't that exactly what the fed is doing? why the so-called fed effect stinks for the little guy. plus, guess who's not paying their fair share in taxes. the federal government. a story you will not want to